First Mover Americas: Bitcoin Falls to $26K; Is $24K Next?

The latest price moves in bitcoin (BTC) and crypto markets in context for May 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Bitcoin Options Market Signals Weakness over 6 Months Amid Debt Ceiling Drama

The renewed bias for bitcoin puts is consistent with the increased demand for downside protection seen in the options market tied to S&P 500.Source

Crypto Exchange Coincheck’s Nasdaq Listing Could Be Delayed Again

A merger with Thunder Bridge Capital may not be completed by a July 2 deadline, potentially causing a further year’s delay.Source

BNB Chain Expected to Undergo ‘Luban’ Upgrade in June. Here’s all You Need to Know

Three distinct enhancements aim to make the network faster and more secure.Source

Crypto Conglomerates, DeFi Targets of EU Financial Stability Watchdog Concerns

Risks from smart contracts, high leverage and crypto staking and lending may imply a need for new regulations, the European Systemic Risk Board saidSource

Lawyers Challenging U.S. Tornado Cash Sanctions Say Free Speech Is at Stake

Open source software isn’t property, and current sanctions laws are ill-equipped to handle this, lawyers argue.Source

Do Kwon’s Detention in Montenegro Extended After High Court Decision to Revoke Bail

A lower court had determined the value of Kwon’s property based on “statements” and not concrete evidence, a high court cited in a decision to scrap his bail approval.Source

First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report

The latest price moves in bitcoin (BTC) and crypto markets in context for May 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Non-Profit Organization Energy Web Starts Sustainability Registry for Bitcoin Miners

Miners will be scored on their use of clean energy and grid impact.Source

Tornado Cash Dev Facing Dutch Charges to Question Chainalysis Data Alleging Criminal Links

Lawyers for the privacy protocol developer have disputed the evidence purporting to prove links to criminal money.Source